Burnet, Texas Property Taxes
The median property tax rate in Burnet, TX is 1.18%, lower than the Texas state median of 1.67% but still higher than the national median of 0.99%. With a median home value of $473,030, the typical annual property tax bill in Burnet reaches $5,360, significantly exceeding the national median of $2,690. Property taxes in Burnet are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Burnet's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Burnet or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burnet, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Burnet, Texas Tax Savings
Ownwell’s Burnet Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burnet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burnet to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Burnet. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Burnet, Texas
Property taxes in Burnet, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burnet is 1.18%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Burnet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnet estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Burnet's effective property tax rate to other counties in Texas and the national median. For comparison, the 78611 zip code has the highest median property tax rate of 1.18%, while the same zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Burnet provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burnet Tax Rate
1.18%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burnet, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78611 | 0.43% | 0.82% | 1.18% | 1.43% | 1.43% |
Source: Ownwell
$1,148
Average Burnet Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Burnet, Texas
In Burnet, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Llano County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Burnet, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Burnet's median home price stands at $473,030. Notably, the highest median tax bill is $5,360 in the 78611 zip code, which also has the lowest median tax bill at the same amount. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Burnet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burnet Assessed Value
$473,030
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burnet, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78611 | $80,904 | $135,515 | $473,030 | $791,148 | $1,242,332 |
Source: Ownwell
$1,148
Average Burnet Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Burnet, Texas
In Burnet, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Llano County Appraisal District. The median home price in Burnet is $473,030, and property tax rates can significantly impact homeowners' finances. The tax bill for the 25th percentile is $985, while the 75th percentile reaches $10,761, and the 90th percentile can go up to $15,015. These figures highlight the substantial variation in property tax bills within the area. Several factors influence your property tax bill, including the market value of your home, the local tax rate, and any applicable exemptions. Higher home values and tax rates result in higher tax bills, which can be burdensome for homeowners. Ownwell offers property tax appeal and exemption services designed to help homeowners reduce their tax bills. By analyzing your property's assessed value and identifying potential discrepancies or opportunities for exemptions, Ownwell can assist in lowering your property tax obligations, providing significant financial relief.
Average Burnet Tax Bill
$5,360
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnet, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78611 | $432 | $985 | $5,360 | $10,761 | $15,015 |
Source: Ownwell
$1,148
Average Burnet Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 23 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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